The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
uncertain look at NOG for comparison.
https://www.nostrumoilandgas.com/operations/products-processes-transportation/
They get a much better and split and domestic is sold at 50% discount.
uncertain the low domestic price claim smells like more BS from Casp.
"For logistical reasons the oil we are required to sell on the domestic market is sent to the Atyrau refinery. It would seem there is little demand for the diesel that this refinery produces hence the low prices received. On this basis therefore until local demand for diesel picks up it is unlikely the domestic price we receive will increase. "
So the problem is at the refinery THEY are choosing to sell to.
Is this another RPT? Selling our oil to mates or self at low prices.
Domestic retail diesel prices in Kaz have pretty much remained the same at $0.4/ltr. The $6 claim sounds like complete horse poo.
They've lied about everything else .. wouldn't surprise me.
Agree with you Bill. Seen this type of RNS before with Texrad. All talk and no substance.
Never mind a contract, they can't even give us projections.
Over a year since Bleepa's launch and even with covid accelerating adoption they haven't had a single user pay for it.
I'm tempted to buy a license and pay the fiver just so that they can RNS they've done a massive deal.
1,067m shares in issue today vs 250m shares in issue 2018.
Dilution is the only thing they are good at. Going sub 1p again.
Some history on the previous failed farm in.
https://www.investegate.co.uk/article.aspx?id=201211211232387012R
I guess we now know who's telling them to drill to 5300 on A8.
pretty sure ... even in russian.
https://www.bicotender.ru/tender169540258.html
They pulled the same stunt with ST3. Tender was out, but they kept feeding us "blocked pipes".
They have a tender out for A5 side-track next year so we know that pipe isn't coming out.
The truck tender was probably because their own fleet (bought for shares) are no good.
At $1 barrel transport costs the $750k will pay for 2000bopd for 12months.
More lies and cover ups.
Slightly outdated but informative website from Dae Han Pharm who own 11% of CASP.
The value of CASP impacts their own Mcap hence they are always keen to keep their shareholders informed.
microsite
https://www.dhnp.co.kr/micro/index.html
updates
https://www.dhnp.co.kr/pr/global_list.aspx
Have fun translating. Caverspeak translated to Korean and back to English.
Looks like they've been told to keep silent this year ... or perhaps they were too embarrsed to forward dogsht from Clive.
Caspian owns the ship. The director and his partner who owned 40% sold it to CASP in exchange for shares at 160mil shares 12p.
https://www.caspiansunrise.com/wp-content/uploads/2020/01/CASP-Circular-21012020.pdf
Divermike, Covid is over. Covid stocks are down nearly 50% from their highs, and only companies who used thier one off profits wisely will retain some of that value.
The sp has to get back to pre covid levels. Add in a bit of discount for the dilution. However we did spud 3 new MJF producers during covid.
Tender out ($750k) for oil tanker services for the transportation of oil from Yelemes. Clive did say they'll hire more trucks when needed if their own fleet is not enough.
Increased prod from MJF or could be 801 ... GL all.
https://digitalhealth.london/accelerator/companies/2020-21/bleepa/
BTC, the main cost is still the drilling crew. They've been using BH lately to perforate and complete the MJF wells.
If the permanent crew is busy on workovers and deep wells then they'll need to contract in another team for any new drills. Our operational costs are very low so I don't think we have a large crew permanently on the books.
The rig probably saves them around $250-400K per well max. Owning the rigs was more to do with availability than costs.
it did tick up.
For the last 12 months every buy caused the price to drop as the background seller dumped into it and every pi sell caused a significant drop so you could buy what you sold cheaper pretty much the next day.
Last few weeks price action has been "honest".
Modest buying volume will see this multibag back up to 6p.
Need some good news though. Tenders show that they want to spud another shallow, so cash position must be improving.
Wabu, yes exactly. The deal is you pay 1%-5% of the lease cost when you start exploring. As soon as you start commerical production from *that license area* a.k.a BNG the remainder becomes due to paid over a 10 year period.
Their argument is that as they only produce from MJF (1% of BNG) so the fee should be adjusted pro-rata ... which is ****** in my view
If I only watch Eastenders on the BBC should my license fee be adjusted pro-rata too. An outrageous analogy, Clive would say, but it makes the point.
That said, if some lawyer can get a reduction in fees then I'm not complaining as a shareholder.
Wabu, Casp are disputing the historic costs which became due when they put MJF in production. They are paid over a 10 year period at $250k/month. We've already been paying for 13 months so far ... and it's never been a problem.
Casp now think it should be around $25k/month. The court case is being used as a stick to get the state to recalculate the costs.